Leveraging land to enable urban transformation : lessons from global experience
AbstractAround the world, in both developed and developing countries, policy makers use a variety of tools to manage and accommodate urban growth and redevelopment. Government officials have three main concerns in terms of land policy: (i) accommodating urban expansion, (ii) providing infrastructure, and (iii) managing density. Together, the planning for infrastructure and urban expansion, land use, and density policies combine to shape the spatial structure of cities. This paper reviews global experience on using land based instruments to accommodate urban development and financing infrastructure. The review suggests that urban transformation is most efficient when land markets are fluid, particularly when they are grounded in strong institutions that (i) assign and protect property rights, (ii) enable independent valuation and public dissemination of land values across uses, and (iii) enable the judicial system to handle disputes that may arise in the process.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 6312.
Date of creation: 01 Jan 2013
Date of revision:
Public Sector Management and Reform; Public Sector Economics; Municipal Financial Management; Regional Governance; Urban Governance and Management;
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